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SEARCHThe National Automotive Finance Association has recently published its 2006 Nonprime Automotive Financing Survey. The survey analyzes the 2005 year-end data and compares it to the previous year's surveys to discover trends in the nonprime auto financing market.
Hanover, Md.—The National Automotive Finance Association has recently published its 2006 Nonprime Automotive Financing Survey. The survey analyzes the 2005 year-end data and compares it to the previous year’s surveys to discover trends in the nonprime auto financing market.
The survey reports increases in portfolio dollars and number of accounts as well as increases in dollars and number of accounts in originations. It also shows that delinquencies have declined since last year.
Twenty-three companies participated in the survey, most of which were independent finance companies and banks. The respondents were divided into groups based on account size. Large, consisted of 40,000 or more accounts and small/medium consisted of fewer than 40,000 accounts. This allowed the data to be relevant for companies of all sizes.
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